Your car is probably your main source of transportation. It can also be one of your biggest frustrations if a costly breakdown suddenly occurs while you’re still paying off your credit. In this article, Prestige Cars provides you with the information you’ll need to make the most of your finances.
A new or used car?
If you’re thinking about buying a car, you’ll have a lot of decisions to make. You’ll have to choose between a city car, a sedan or an SUV, and you’ll also have to choose the make and model, the colour, and much more. However, one of the biggest decisions you will have to make is whether to buy a used car or a new car. Even with the difference in price being perhaps drastic, there are still millions of people who still buy new cars instead of buying used models, but is it really a good decision for you? Prestige Cars invites you to think about it wisely.
Used cars are a better deal
Although many people perceive used cars as a bad deal, this is really not the case. In fact, most cars depreciate 20-30% in the first year of use. So why should you spend your hard-earned money this way?
In addition to saving money, you can also afford to buy a better car with more options than if you were buying a new car. For example, let’s say you have a budget of €20,000 for a car. You can buy a decent new car, but with few options, whereas if you are willing to buy a 2-3 year old used car, you can usually get a higher model with more options.
The used car market between yesterday and today
The car market is constantly improving. About 20 years ago, used cars “were synonymous with bad business”. They were seen as disposable objects designed to last for up to 10 years. Today, cars have a much longer life, especially if you take care of them. So there is no reason why you can’t buy a car that lasts 2 to 3 years.
Besides, the smell of a new car will soon disappear. In 6 months, you probably won’t even know the difference. Besides, the little everyday inconveniences won’t probably bother you as much if they happen to a used car because you expect them. But if they happen to your new car, it will cause you more stress, because many people who buy new cars are so paranoid about things that happen to their car. So what are you waiting for to take a look at the used market?
